The Energy Economy. Why its not about money.

I read a lovely article, about how the economy should not be seen as a monetary one, but an energy one.  Its right of course.  What has powered the industrial revolution ? Its not money, it is energy.

If you want to appreciate how much power there is an a gallon a petrol, fill the car with 1 gallon, drive it until it runs out, and then push it home.  You will need some help, and it will probably take several weeks.

That is just an illustration.  But I think it works well.  The Government just prints more money if it needs it. The volume of money in the world has been going up and up, but to give us the “Better” quality of life, we need energy.  Energy for the tractors to till the soil, so we have time to watch films, play, go on holiday, have warm houses, fly, buy more clothes than we can possibly wear, energy to deliver all these things in hugh trucks, ships and planes.

I will try and find the article, it was online. Superb. It made the point that society as we know it is bound to collapse, if the cost of energy goes up. So Shale gas, is just a way of holding off the inevitable.

But if we can get more time, we need it.  And we need to be pumping as much effort as we can into sustainable energy.

So for England shale gas is essential. Lets hope we do not squander it the way we have squandered North Sea Oil.

 

 

Fracking to be taking centre Stage in the New Year

Watch this space, you heard it from me first.

Fracking is going to be a major discussion point over the next year, and the Government is going to be right behind it.  Why?  Because it is starting to make sense.

 

First put aside your worries about what happens to the world as we burn more and more gas and oil and coal.  Face facts.  There is nothing you can do about it.  Shutting off the Aga, is only going to make you family cold, and will make no difference to the planet, because if we do not use the energy, the Chinese will.

With that really rather large issue out of the way in the discussion  Fracked Gas has no other reasons for not being investigated in a big way.  In the UK we have deeper Shales than in the USA, and better regulation (Less of a free market) of how we drill and process in the UK.

Also, I think we can expect the Government to be making sure that the locals get a payout proportionate to the volume of gas extracted.  This means that places with Gas are suddenly going to be the places to live. With better Municipal facilities, better roads and work.

 

As I said……     You read it first here.